FXstreet.com (Barcelona) - Pound's rebound from 1.5915 session low has been capped at 1.6040 high, - right below 1.6060/70 resistance-, and the pair has eased to 1.6000, which is being tested at the moment, as Dollar edges up ahead of the release of U.S. Non-Farm Payrolls report.

According to the Swiss e Trade Strategy Team, Pound's reversal from 1.6040, could trigger a pullback to levels around 1.5940: We expect the 1.6040 resistance level to hold more or less in today's market, most probably giving way to a down movement to levels around 1.5940.

In case of breaking back below 1.6000, the Pound could find support at 15940/50 (Jan 6 lows), and then 1.5895/00 (Jan 7 low) and 1.5835 (Dec 30 low). On the upside, resistance levels lie at 1.6040 session high, and above here, 1.6060/65 (Jan 6 and 7 highs) and 1.6100.

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